CubeSmart reports results for the quarter ended in September 30 - Earnings Summary

CubeSmart

01/11/2024 03:09

* CubeSmart  CUBE.N  reported quarterly adjusted earnings of
44
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of 45
cents.  The mean expectation of eight analysts for the quarter
was for earnings of 45 cents per share. Wall Street expected
results to range from 44 cents to 45 cents per share.
    * Revenue rose 16.5% to $270.89 million from a year ago;
analysts
expected $265.27 million. 
    * CubeSmart's reported EPS for the quarter was 44 cents​.
    * The company reported quarterly net income of $100.8
million.
    * CubeSmart shares had fallen by 10.3% this quarter and
gained 4.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 12
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the specialized
reits
peer group is also "hold"

Wall Street's median 12-month price target for CubeSmart is
53.00 
This summary was machine generated from LSEG data November 1 at
03:08 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.67           0.67           Met
 Jun. 30 2024      0.64           0.64           Met
 Mar. 31 2024      0.65           0.64           Missed
 Dec. 31 2023      0.68           0.70           Beat